Disney Stock Is Rising Because It Might Buy Comcast’s Hulu Stake

By

Connor Smith

April 25, 2019 4:35 p.m. ET

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Walt Disney stock (ticker: DIS) closed higher Thursday after CNBC reported that Comcast is considering selling its stake in Hulu. A deal could give Disney full control of the platform ahead of its coming streaming push.

The back story. Disney built a majority stake in Hulu last month when it finally acquired most of 21st Century Fox’s entertainment assets for $71.3 billion, which included a 30% stake in the joint-venture.

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